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FEX vs MMLG

First Trust Large Cap Core AlphaDEX Fund vs First Trust Multi-Manager Large Growth ETF

FEX

First Trust Large Cap Core AlphaDEX Fund

First Trust

Annual cost

0.57%

Fund size

$1.5B

MMLG

First Trust Multi-Manager Large Growth ETF

First Trust

Annual cost

0.85%

Fund size

$88M

Key differences

  • FEX costs 0.28% less per year.
  • FEX is significantly larger than MMLG — larger funds tend to be more liquid and less likely to close.
  • FEX follows a index tracking strategy; MMLG uses active selection.
  • Over the last 3 years, MMLG has delivered higher annualized returns.
  • FEX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FEXMMLG
Annual cost (TER)0.57%0.85%
Fund size (AUM)$1.5B$88M
Since20072020
Dividend yield0.99%0.00%
Asset classequityequity
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+29.3%+17.2%
CAGR 3Y+20.6%+22.7%
CAGR 5Y+11.1%+8.5%
Sharpe 3Y1.110.90
Volatility 1Y12.57%18.13%
Max drawdown-39.51%-45.97%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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